BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Iran and Azerbaijan have agreement on development of perspective Araz-Alov-Sharg fields

"The Nationwide Leader of Azerbaijan Heydar Aliyev and Iran's Supreme Religious Leader Ayatollah Khomeini had reached an agreement on the development of perspective Araz-Alov-Sharg fields even before resolving the issue on legal status of the Caspian. Afterwards, these agreements were repeatedly confirmed by the President of Azerbaijan Ilham Aliyev and Iranian President Mahmoud Ahmadinejad," said Deputy Foreign Minister of Azerbaijan Khalaf Khalafov.

Khalafov said that the negotiation process to divide the Caspian Sea between Iran and Azerbaijan takes a systematic character. "The permanent delegations continue to negotiate. A principle agreement was reached and soon Azerbaijan will invite the Iranian side to discuss the date of the next meeting," said Khalafov.